MLB

[shafnutz05]

I hadn’t really thought about it before, but I now know there there are long term upstate NYers, who root for the Blue Jays.

Yup. My in-laws are from the greater Buffalo area, and that's very common up there.

[willeyeam]

@MrKennethTKangaroo wtf is this about? Players aren't accounted for as assets are they?

https://sports.yahoo.com/president-dona ... 34455.html

[MrKennethTKangaroo]

@MrKennethTKangaroo wtf is this about? Players aren't accounted for as assets are they?

https://sports.yahoo.com/president-dona ... 34455.html

I was aware that the rules for like kind exchanges were being changed, but I had no idea that baseball contracts and/or baseball players are considered to be eligible for like kind exchanges.

I'm guessing it had something to do with the player contracts, but I have zero idea of how or what mlb teams book for those contracts.

[Troy Loney]

I see Real Estate transactions are exempt from this tax.

That’s all due to a change in the new tax law, Major League Baseball teams may be taxed more when they acquire big contracts in trades. President Donald Trump signed off on the law, according to the New York Times.

As the Times explains, the law previously in place allowed businesses to swap “like-kind property” tax-free. This mostly applied to farmers, who could swap machines without being taxed. It also, however, applied to baseball contracts.

That’s no longer the case. Under the new law, “like-kind property” will be limited to real estate. That could wind up having a significant impact on how MLB teams operate. Suddenly, if a team makes a trade for a player with a big contract — like Verlander — they’ll be taxed on the value of that deal.

[willeyeam]

@MrKennethTKangaroo wtf is this about? Players aren't accounted for as assets are they?

https://sports.yahoo.com/president-dona ... 34455.html

I was aware that the rules for like kind exchanges were being changed, but I had no idea that baseball contracts and/or baseball players are considered to be eligible for like kind exchanges.

I'm guessing it had something to do with the player contracts, but I have zero idea of how or what mlb teams book for those contracts.

What a weird thing

[Troy Loney]

So this particular deduction elimination deters trading, but don't these teams also benefit from the major tax rate reduction?

[willeyeam]

So this particular deduction elimination deters trading, but don't these teams also benefit from the major tax rate reduction?

my point was that I think the article was BS

[Troy Loney]

So this particular deduction elimination deters trading, but don't these teams also benefit from the major tax rate reduction?

my point was that I think the article was BS

I think the article still stands. Decisions are always made on the margins and I don't think it's hard to see paying an additional tax on these expensive contracts influencing those decisions. Definitely just an unintended consequence of the change to the tax code.

[columbia]

A tough day for Russell Martin...

https://mobile.twitter.com/MLB/status/9 ... 5019652096

[willeyeam]

a) what a dumb idea to have that screen out there
b) Russell the Muscle really needs to lose that man bun

[DigitalGypsy66]

The spring training parks have these weird raised box seats for all of the extra coaches to watch the game. The screen was there to protect them.

Agree with the man bun.

[Dickie Dunn]

Rocking a man bun two years after that nonsense was trendy is incredibly Canadian.

[willeyeam]

@MrKennethTKangaroo wtf is this about? Players aren't accounted for as assets are they?

https://sports.yahoo.com/president-dona ... 34455.html

I was aware that the rules for like kind exchanges were being changed, but I had no idea that baseball contracts and/or baseball players are considered to be eligible for like kind exchanges.

I'm guessing it had something to do with the player contracts, but I have zero idea of how or what mlb teams book for those contracts.

Turns out pro contracts are treated as assets, so 1031 exchanges would apply. Hmph, tell that to Ryan Howard.

[MrKennethTKangaroo]

@MrKennethTKangaroo wtf is this about? Players aren't accounted for as assets are they?

https://sports.yahoo.com/president-dona ... 34455.html

I was aware that the rules for like kind exchanges were being changed, but I had no idea that baseball contracts and/or baseball players are considered to be eligible for like kind exchanges.

I'm guessing it had something to do with the player contracts, but I have zero idea of how or what mlb teams book for those contracts.

Turns out pro contracts are treated as assets, so 1031 exchanges would apply. Hmph, tell that to Ryan Howard.

So i read the full NYT article and I still don’t get where alll the hand wringing is coming from. In a like kind exchange, you know what the gain is, you just don’t have to pay tax on it (or on a portion of the gain). So other than having to pay the tax on the gain they are deferring, i don’t see how the accounting would change at all. I also don’t understand why the NYT article got into th advanced metrics mumbojumbo about valuing players and contracts.

That being said, I’d like to know how they value those contracts for accounting purposes and how they depreciate/amortize/youknowwhatimean the contracts over time.

[willeyeam]

I'd assume they just amortize over the life of the contract. I'd also go on a limb and guess the like kind gains were never recognized if they stayed the life of their contract whereas now they'd have to recognize it up front.

[MrKennethTKangaroo]

perhaps.

but for whatever reason the article is making it seem like these teams don't know how to value the contracts and the gains. and when I say value, I mean a GAAP value, not some abstract value. it confuses me.

[willeyeam]

i have no idea how the heck you'd value them because there are a lot of contracts in the MLB that I would call a liability

[NailedPenguin]

https://twitter.com/Matt_Fox10/status/9 ... 9233217537

[shafnutz05]

Update to the Albert Belle indecent exposure story. Apparently he was trying to take a whiz behind his car door, but pulled his pants the whole way down

https://deadspin.com/witness-says-alber ... 1824119816

I'm sure he fully undoes his belt, button, and zipper at the urinal too.

[Dickie Dunn]

gawd damn that dude looks rough. Dude could have been a GOAT. What a waste.

[shafnutz05]

For those wanting to see TEBOW in action, Binghamton will be visiting the Curve July 26-29

[willeyeam]

For those wanting to see TEBOW in action, Binghamton will be visiting the Curve July 26-29

Like he'll still be in AA in July

[MrKennethTKangaroo]

AA Pitching is the best in the minors. Tebow is going to get smoked even moreso than he already has been smoked.

[Silentom]

For those wanting to see TEBOW in action, Binghamton will be visiting the Curve July 26-29

@MalkinIsMyHomeboy

[DigitalGypsy66]

Astros used a four man outfield against Joey Gallo:

https://twitter.com/darenw/status/97944 ... 52480?s=19